My #1 doubler pick here: UVXY

[easymon1]

What is k-1?

UVXY... is that one you get a K-1 on at the end of the year?

Use ctrl F find Distributes K1 on this webpage... https://www.etf.com/UVXY#overview

K1 - UVIX? - https://www.etf.com/UVIX#overview
K1 - UVXY? - https://www.etf.com/UVXY#overview

 

[KCalhoun]

Ken what did you do to presume today would go up? Uvxy normally decreases lower.

The rare gap continuation (vs more common fill) was the giveaway.

 

[IronFist]

So how did you know the gap was continuing and not filling?

 

[IronFist]

Re: K1, is this any more challenging on taxes than general stuff?

 

[easymon1]

Re: K1, is this any more challenging on taxes than general stuff?

2021 Schedule K-1 (Form 1065) - IRS - https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf
2022 Schedule K-1 (Form 1065) - IRS - https://www.irs.gov/pub/irs-dft/f1065sk1--dft.pdf

 

[KCalhoun]

So how did you know the gap was continuing and not filling?

I don't predict, I react... so if it goes up I keep buying til it drops

 

[IronFist]

Would you explain the difference between reacting and predicting?

Reacting to me is trend chasing.

 

[IronFist]

Are you going to keep trading this Monday?